Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy.
International Energy Agency
Oil was steady after advancing for a fourth week on signs of a tightening market, with the International Energy Agency warning of higher prices ahead.
Industrial strategies for clean energy technology manufacturing require an all-of-government approach, closely coordinating climate and energy security imperatives with economic opportunities, warns the International Energy Agency (IEA).
Navigating Covid restrictions, dodging other energy calendar fixtures and even working around the Houston Texans football team has allowed OTC in Houston to finally get underway this month.
Less than 15% of the $2.4 trillion in government spending to support the post-pandemic economic recovery has gone to investments in clean energy, according to the International Energy Agency.
A landmark International Energy Agency (IEA) roadmap says no new oil and gas fields should be developed – beyond those already sanctioned -- if the global energy sector is to achieve net-zero emissions by mid-century.
Pandemic restrictions in 2020 caused the largest absolute drop in carbon-dioxide pollution from energy use since World War II.
The International Energy Agency lowered forecasts for global oil demand as renewed lockdowns to contain the pandemic temper the recovery expected this year.
Chevron is seeking contractors for a major retirement campaign across the Gulf of Thailand as the Southeast Asian nation braces for a huge wave of decommissioning.
Oil was steady near $43 a barrel in London before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus.
The outlook for global oil markets has grown “even more fragile” as a resurgent pandemic derails the recovery in demand, the International Energy Agency said.
It has been another eventful couple of weeks in the global energy sector. The COVID-19 situation continues to create havoc across the world, as countries deal with the fall-out of the health crisis and associated economic impact.
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
An Aberdeen energy expert has said the North Sea has an opportunity to demonstrate its “resilience” as global oil demand reaches a 25-year low.
Global oil demand will plunge to its lowest level in 25-years this month, in what the International Energy Agency described as a “staggering” wipeout of nearly a decade’s growth.
Big Oil doesn’t have a choice; either it gets serious about the necessary transition to low carbon energy or mounting public fear fuelled by the impacts of the deepening climate crisis will eventually force drastic change.
Oil and gas companies have provided “few signs” that they are willing to devote enough cash to tackling climate change, a new report said.
The past decade hasn’t done much to inspire optimism about the future of the planet.
Ever heard of the International Energy Agency’s Technology Collaboration Programme? Possibly not. It doesn’t exactly hit the headlines.
As Georgia completes its economic turnaround and builds a closer relationship with the EU, more investment is needed in the energy sector. As an investor in renewable power generation, thorough Silk Road Group’s Bahkvi 3 hydropower project, I am supporter of Georgia’s journey towards energy independence. To achieve that, Georgia needs to prove to investors that its energy market is mature, competitive and predictable.
Shell CEO Ben van Beurden has been unveiled as part of a global commission to help global progress on energy efficiency.
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency.
The International Energy Agency welcomed the oil market’s return to surplus as OPEC’s production surge swells global stockpiles and drives prices into a bear market.
U.S. fossil fuel consumption last year reached the lowest share in more than a century as use of renewable energy continued to climb and petroleum use remained well below its 2005 peak.
Crude edged lower amid predictions of a steep hike in U.S. crude output this year.